Russell Investments Group Ltd. Purchases New Position in Kratos Defense & Security Solutions, Inc (KTOS)

Russell Investments Group Ltd. purchased a new stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 332,423 shares of the company’s stock, valued at approximately $2,519,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Spark Investment Management LLC raised its position in Kratos Defense & Security Solutions by 5.5% in the third quarter. Spark Investment Management LLC now owns 424,200 shares of the company’s stock valued at $2,922,000 after buying an additional 22,053 shares during the period. HighTower Advisors LLC bought a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $1,203,000. Nationwide Fund Advisors raised its position in Kratos Defense & Security Solutions by 21.5% in the third quarter. Nationwide Fund Advisors now owns 150,705 shares of the company’s stock valued at $1,038,000 after buying an additional 26,648 shares during the period. Commonwealth Equity Services Inc raised its position in Kratos Defense & Security Solutions by 14.8% in the third quarter. Commonwealth Equity Services Inc now owns 115,478 shares of the company’s stock valued at $796,000 after buying an additional 14,900 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $779,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) opened at 8.33 on Tuesday. Kratos Defense & Security Solutions, Inc has a 12 month low of $3.75 and a 12 month high of $9.19. The firm has a 50 day moving average price of $8.12 and a 200-day moving average price of $7.21. The firm’s market capitalization is $620.86 million.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm earned $182.10 million during the quarter, compared to the consensus estimate of $177.74 million. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc will post $0.07 EPS for the current year.

var userip;Your IP Address: document.write(userip);

Several equities analysts recently commented on KTOS shares. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Wednesday, March 1st. B. Riley reissued a “buy” rating and set a $9.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, February 24th. Jefferies Group LLC set a $10.00 price target on Kratos Defense & Security Solutions and gave the stock a “hold” rating in a research report on Tuesday, February 28th. Canaccord Genuity reissued a “buy” rating and set a $10.00 price target on shares of Kratos Defense & Security Solutions in a research report on Monday, February 6th. Finally, SunTrust Banks, Inc. started coverage on Kratos Defense & Security Solutions in a research report on Thursday, January 19th. They set a “buy” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.63.

In other Kratos Defense & Security Solutions news, Director Bandel L. Carano acquired 275,862 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, March 7th. The stock was purchased at an average cost of $7.25 per share, with a total value of $1,999,999.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 23.20% of the stock is currently owned by corporate insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

5 Day Chart for NASDAQ:KTOS

Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS).

Receive News & Ratings for Kratos Defense & Security Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.